Archive for Cyber Liability Category
Posted In: Cyber Liability, Property Coverage
Electronic Transfer Scam Losses May Be Covered Under Business Owner’s Policy: A Step Toward Coverage For Crypto Currency?
The Vermont Supreme Court recently held that a business owner’s policy that provided coverage for “loss” resulting from forgery and theft, but excluded “physical loss or physical damage” resulting from…
Posted In: Cyber Liability
Computer Fraud Policy Covers Wire Transfer Theft Induced by “Spoofed” Email
COURT REJECTS INSURER’S ARGUMENT THAT POLICY’S “DIRECT LOSS” REQUIREMENT IS NOT MET IF THE INSURERED TAKES STEPS TO INITIATE THE WIRE TRANSFER. As email spoofing schemes have proliferated, so…
Posted In: Cyber Liability
Court Finds No Cyber Coverage for Victim of Email Scam
How Can A Firm Protect Against This Risk? Loss Was Not “Directly Caused” By Use Of Computer Where the Insured Authorized and Initiated a Wire Transfer to Scammer’s Bank Account…
Posted In: Cyber Liability
UPDATED – Fourth Circuit Rules CGL Policy Covers Data Breach
Information accessible on the internet is “Published” even if no one reads it Updated: Please see below for a letter from a reader suggesting this case would have gone differently…